February 14, 2017

StarMine Models Asia Companies for FY2016 Earnings Misses

by Tim Gaumer.

The StarMine team has selected five Asian companies, using the Eikon Screener, that we expect to miss earnings estimates, based on SmartEstimate® and Predicted Surprise data.

Historically, our picks have demonstrated an accuracy rate of about 75% accurate, giving investors an edge ahead of earnings announcements.

Our Asian picks for negative Predicted Surprises in FY2016 are — China Power International Development Ltd (2380.HK), Ratchaburi Electricity Generating Holding Pcl (RATCH.BK), Indocement Tunggal Prakarsa Tbk Pt (INTP.JK), Makalot Industrial Co Ltd (1477.TW), Hanwha Techwin Co Ltd (012450.KS).

SmartEstimates® aim to provide earnings forecasts that are more accurate than I/B/E/S Consensus Estimates, by putting more weight on the recent forecasts of top-rated analysts. When SmartEstimates® diverge significantly from Consensus, you can anticipate the occurrence of earnings surprises with an accuracy rate of 70%. Revenue SmartEstimates® are even more predictive of surprises, with a historical accuracy rate of 78%.

Negative Surprise Predictions for Asia

Sources: Thomson Reuters StarMine, Thomson Reuters I/B/E/S, Thomson Reuters Eikon

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Which 5 Asia companies does our StarMine team predict will beat earnings expectations? Find out here

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